"The thing is that the order mentions, and our fit and proper criteria is already laid down. So, if there is any breach of that, the suitable necessary action will be taken," says Agarwal.
Agarwal's comment comes a day after the company's auditor, Deloitte Haskin & Sells, announced that the company's FY13 accounts should not be relied upon.
More drama followed as National Spot Exchange Limited's auditor, Grant Thornton said that the exchange had been defaulting on loans for the past 2.5 years and despite being aware of the fact continued its operations.
Meanwhile, Jignesh Shah, managing director, FTIL, while addressing media and investors, continued to make more promises and requested investors to give him more time.
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